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about. other countries, i'd be a bit more skeptical. >> and jeffrey sachs of colum why university. >> basically american society is incredibly divided, and there is a small, very rich part of society. it really runs the show. >> and if innovation is one. places where we're still number one, how do we get that spirit into the rest of the nation? we'll talk to the guys behind one of america's most innovative companies, foursquare. >> i think there's different ways to measure success. for me personally it's seeing really, you know, everyone in the world start to use the stuff that we're thinking about. >> so let's get started. so why is it that america seems less dominant in so many areas, that its lead has evaporated, that it's falling behind other countries? well, instead of telling you what's happening, i want to show it to you in a way that you probably will never forget. i've asked my friend hans rosling to come and do his magic. rosling is a professor in sweden and has an amazing way of showing the world's progression in the last 150 years. the story hans will tell you highligh
no major economic crisis on top of the tragic personal crisis in japan. that's according to jeffrey sachs there. let's get a little more short-term now. a close look at what's happening, kirby, first of all, japan has been something of a darling in the international markets over the past few months. when you see this sort of panic selling, do you think this reaction -- what many would say knee-jerk reaction is actually overdone? >> it's hard to tell. what would be the right level? 8,200? 8,500, 9,000? we need time to assess. this is what i would call nuclear selling. it's simple. it's because of the nuclear, the unknown of the nuclear situation. and while i have great respect for jeffrey sachs, this time i'm more worried. i think that comparisons with kobe, we have to throw out the window now. i was there in the kobe situation. there was no nuclear -- the nuclear situation changes the game. and it's not just how bad is it in reality? it's about perception. japan is very dependent, as you know, on exports, very dependent now also on dollars coming in through tourism, especially from china
, dr. jeffrey sachs. good to have you on board, gentlemen. >> the "new york times" story, just absolutely gripping. >> we're starting with that. >> you go through the papers and, of course, japan, absolutely dominates the scene. there's "the new york times," "the washington post" talks about radiation fears. "the financial times" talks about how the radiation fears are shaking the market and the "daily news" talks about panic. i don't know if we're quite there yet as far as panic goes but the situation appears more bleak by the day. >> let's get right to it and we can talk about it. the world is watching, a small crew of technicians in japan this morning who are being called the country's last line of defense to prevent an all-out nuclear catastrophe. this morning, the group of 50 were forced out of the fukushima nuclear plan the for nearly an hour following a dangerous spike in radiation that authorities feared put their lives at risk. already those workers who have been dousing reactors with sea water in a frantic effort to stabilize their temperatures, are being asked to end
guests has an answer. let's start with columbia university economistic jeffrey s sach to emphasizes investments for the future. what would you do to get america back to where it was? >> the first thing i would do is ask the rich to pay their way, because everything that we need, whether it's helping our kids to start out life with a safe daycare, proper nutrition and a decent school, or whether it is increasing the quality of our infrastructure, whether it's being able to sustain the science and the technology that brought us to where we are today, whether it's the creating a new energy system, requires some public funding. and we don't have that right now because the taxes on the top have been cut, the corporate tax rates have been gutted by tax havens and secret agreements of the irs with the u.s. companies to allow them to keep all their money abroad through transfer payments, schemes and many, many things that have really gutted our tax system. all for the top and now we have a large budget deficit and what we're being told is, oh, the only thing we can do is slash the most basi
economy survive the world's fifth largest edge quake? we bring in dr. jeffrey sachs. >> how much weight have you lost? >> down about 15. no other medicine, not even advil pm, is more effective for pain and sleeplessness. motrin pm. lord of the carry-on. sovereign of the security line. you never take an upgrade for granted. and you rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i deserve this. [ male announcer ] you do, business pro. you do. go national. go like a pro. [ male announcer ] you do, business pro. you do. but you can still refinance to a fixed rate as low as 4.75% at plus, get the best deal or we'll pay you $1,000. call lending tree at... today. >>> i would say from our own experience if you have a serious fiscal problem which we did six years ago and don't today, that having the flexibility to manage government, not only to save money but serve people better, i could illustrate this in a hundred ways, is pretty important. before we discontinued
even running the risk of future nuclear issues like this. >> just last week we had jeffrey sachs in here when he surprised some people by saying this is a disaster in japan but we don't have a choice. >> i think all the people that think that should let their kids go to tokyo and drink the water. >> what's the alternative, how about living next to a coal plant, would that be good? >> not that either. i'm for renewable and clean energy. what's wrong with that. >> i think jeffrey sachs would tell you it has to be part of a large larger plan. >> the other big issue is, we have the author of "the black swan," this sigh black swan moment. we don't model for these moments. we model for expected moments. and the only way to fix things is to have every captain go down with every ship, which is a very simple point but his point is people that are making these decisions aren't really suffering. it was true in the financial crisis and it was the taxpayers. we paid the burden. in this case it's the citizens, everyone. getting around that will be a big issue. anyway, it's a great package. exc
. >> how fascinating. we have jeffrey sachs who has been fighting for environmental causes most of his adult life. jeffrey sachs, still a steadfast supporter of nuclear. as an environmentalist, he talks about how there's not a carbon footprint. >> the president has proposed, i think $0 billion in loan guarantees for this. this is say big part of the administration's post-fossil fuel strategy. >> let's see if that goes forward now, though. >> yes. i agree with mayor newsom. to some extent there has to be a smart way to do this, to build nuclear plants not on fault lines. when was the diablo built? >> it was -- you know, i wish i knew the exact date but we're proud of the fact that it was built with, at the time, the highest standards. there was a lot of work and retrofitting that's been done. everyone tells us it's safe. that's what they said over in japan and that's what they say everywhere. >> if anyone has an idea, i just wonder about the optics here, maybe this is too critical because things have to go on. the country has to function. but the president doing his brackets yesterday a
out. >> we had jeffrey sachs on yesterday from the earth institute, probably one of the most renowned environmentists in the planet. jeffrey brushed aside any suggestions we should abandon nuclear. he said, we can't, we have to move forward. that's a big change to chat happened to america after -- >> the proponent of nuclear energy said the political will is there. it has to be part of our energy makeup and every form of energy carries some risks. we're the kings of coal, the saudi arabia of coal. >> right. >> but that's dirty. then you have renewables. the risk there is not enough and nuclear has to be part of that. and the fault line, a lot of people say it seems crazy to build a reactor on the seismic fault line. remember how far the tsunami spread in indonesia. the tsunami caused the problem. you could have an earthquake way off the coast of california far away from your nuclear reactor and still get the tsunami with climate change and water levels rising, we don't know the impact of that. >> we need to move the generators above the basement level. >> the swiss alps. >> even the s
Search Results 0 to 8 of about 9 (some duplicates have been removed)

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